Business news

Buffett may look abroad for buys

Warren Buffett called America "the mother lode of opportunity" last year, but this year, he could look for some of that lode in a foreign land. The billionaire investor's must-read annual shareholders

Feb 27, 2015

Russia worry sets tone for Estonia poll

Estonia's defence league holds a fun day at a local school in Tallinn. The tiny Baltic state is one of the few NATO members to keep defence spending at a NATO target of two per cent of GDP. Its 1.3

Feb 27, 2015

Indian stocks rise more than 450 points ahead of budget

Mumbai / New Delhi, Feb 27 (ANI): The Bombay Stock Exchange (BSE) Sensex and Nifty rose nearly two percent on Friday, their best single-day advance in six weeks, as blue chips rallied on hopes the Indian government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The benchmark BSE Sensex closed 1.65 percent higher at 29,220.12, its biggest single-day gain since January 20. The broader Nifty gained 1.85 percent to 8,844.60, its best single-day gain since January 15. BSE president, Ashish Chauhan, expected pro-growth and pro-reform budget. The Confederation of Indian Industry (CII) asked the government to target and cut subsidies.

Feb 27, 2015

India's traditional industries seek special grant in annual budget

Kochi, Feb 27 (ANI): In a hope to stabilize India's drooping traditional industries like handloom, handicrafts, coir, cashew and beedi, industry experts are looking forward to the Narendra Modi government undertaking special measures in its annual budget for the fiscal year 2015-16 to be presented on Saturday. The traditional industries are mainly labour intensive and rely on skills that are passed on from one generation to another. The workforce of these industries mainly includes tribal people who remain deprived of their basic necessities even after 68 years of India's Independence. He added that a special grant from the central government would benefit millions of people involved in the industry like, raw material collectors, cutters, makers, distributors.

Feb 27, 2015

Berlin backs Greek bailout extension

A vote with a great deal at stake. With Greece due to run out of money, German Finance Minister Wolfgang Schaeuble urged parliament to extend its bailout for a further four months, for the sake of

Feb 27, 2015

Economic Survey 2015: Adopt Direct Cash Transfer; Overhaul Food Subsidies, Says Report

The report, which acts as the basis for the Union Budget 2015-16, noted that food subsidy reforms needed more work.

Feb 27, 2015

My Govt's only Religion is 'India First'; Devoted to 'Bharat Bhakti': PM Modi

Narendra Modi said communalism for political reasons has destroyed the country.

Feb 27, 2015

Economic Survey 2015: India's FY2016 Growth Estimated at 8.5%; FY2015 to Grow at 7.4%

Highlights of the Economic Survey presented on Friday

Feb 27, 2015

BSE closes points 473.47 up on Feb 27

New Delhi, Feb 27 (ANI): Trading at the Bombay Stock Exchange today closed 473.47 points up to stand at 29,220.12. At the National Stock Exchange the Nifty closed 160.75 points up to stand at 8,844.60. UNITECH and HCC were among the top gainers of Group A with an increase of 16.53% and 9.19% along with SINTEX and GMRINFRA with an increase of 9.19% and 8.89% respectively, while the top losers of Group A include RASOYPR and HATHWAY with a decrease of 4.26% and 3.68% along with PMCFIN and NIIT TECHNOLOGIES LTD with a decrease of 2.86% and 2.53% at the close of the markets. The Auto sector is up 417.21 points at 19,769.71 while the banking sector is up 581.77 points at 21,858.46 and the reality sector is up at 74.97 points at 1,838.53. The Indian currency is down 0.12% at Rs 61.82 per dollar.

Feb 27, 2015